The CEO also believes that stablecoins tied to the US dollar can provide a reliable store of value. He predicts that their growth will be explosive in the years to come. Standard & Poor’s has recently given the USDC stablecoin a rating of 2 (Strong) in its list of stablecoins.
Circle analysts observe a surge of interest in blockchain and stablecoins globally. In the past year alone, the volume of global stablecoin settlements exceeded $7 trillion, surpassing settlements within interbank systems like Visa and Mastercard, which totaled $14 trillion. Circle experts are optimistic about the future potential of blockchain infrastructure to handle even more economic activity.
A survey conducted by cryptocurrency broker Paxos reveals that the majority of US financial services companies are currently exploring the use of blockchain and cryptocurrencies.